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it depends what we are discussing. i was thinking along the lines of what we saw when entain reduced expenditure on certain things last year. like any business,if profits aren't as high as they want globally or say in australasia,they look at ways of cutting costs. That played out last year in nz with some job losses in areas that service the industry for entain and for example, the tab racing club which was a promotional tool for entain,was stopped and that 2.5m annual spend on the industry disappeared. thats the type of thing i'm thinking of. -
By Chief Stipe · Posted
She is indeed. Assuming you mean the Russian Revolution filly. -
By Chief Stipe · Posted
The analysts still have a BUY notice on the stock. I know at least one BOAY member who bought in at the last low and sold on the last high. The biggest threat to ENTAIN and indeed the whole wagering industry is Government seeking a return in the form of taxation. I imagine both Australia (Federal and State) and the NZ Government are looking to get a positive return from racing rather than having to subsidise it continually. -
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By Chief Stipe · Posted
I agree both remaining codes are spending beyond their means - thanks to the ENTAIN shareholders. However old habits die hard and the industry as a whole has been doing that for decades and previously have been bailed out by the taxpayer. The industry is gambling on ENTAIN getting the NZ operation on a better footing that it was before. The signs are that it has at considerable cost to ENTAIN but not enough to maintiain the current level of funding - yet. My assessment is that the returns from the NZTAB are greater than when it was run entirely by TABNZ.
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